Jakarta, Nov 26, 2025 – Fitch Ratings Indonesia has affirmed its ‘AAA(idn)’/Stable ratings on PT Bussan Auto Finance (BAF)’s fourth tranche of rupiah bonds under its third bond programme. The issuance comprises:

• Series A: IDR 100 billion, 5.00%, 370-day tenor, due Nov 2026
• Series B: IDR 900 billion, 5.65%, three-year tenor, due Nov 2028

The bonds are unsecured and aligned with BAF’s National Long-Term Rating. Fitch highlights that the rating reflects the expectation of extraordinary support from Mitsui & Co., Ltd., BAF’s largest shareholder.

The rating is at the top of Indonesia’s national scale, with no further upside. Any downgrade of BAF’s National Long-Term Rating would trigger corresponding action on these bonds.